Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 27809 profit at key level 27869
Alternative scenario: Sell position is envisaged if price trades below 27708 with take profit at 27607
No major economic data with direct bearing to this index
Comment: The Dow Jones is currently recovering from yesterday's loss and this bullish momentum is expected to continue if price breaks the nearest resistance.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 2021.52 with take profit at 2043.64
Alternative scenario: Sell position is envisaged if price trades below 1991.35 profit at key level 1970.23
No major economic data with direct bearing on the commodity
Comment: Gold was up on Tuesday morning in Asia, buoyed by a weaker dollar, but a tech-driven rally in U.S. markets on Monday and small signs of global economic recovery capped the yellow metal’s gains. The precious metal is expected to continue its bullish run if it breaks the resistance on 1HR.
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